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Mike Hoffman Qualifying Offer

A $2,000,000 qualifying offer is required to retain the RFA rights of Mike Hoffman. The qualifying offer must be a one-way contract since Hoffman met both the games played and waivers requirements. The qualifying offer is equal to 100% of the previous contracts final season base salary because the salary was $1,000,000 or greater.

Reference Contract

SIGNING DATE:Aug. 3, 2015
LAST YEAR:2016
ANNUAL AVERAGE:$2,000,000

Salary Calculation

PREVIOUS SALARY:$2,000,000
SIGNING BONUS:$0
BASE SALARY:$2,000,000
MULTIPLICATION FACTOR:100%
QUALIFYING OFFER:$2,000,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:78
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:188
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: One-Way